Industrial Info is tracking more than $365 billion in industrial projects that are under way or planned to begin in the future along the U.S. Gulf Coast. With more than $190 billion in active projects, Texas leads the region in terms of the value of industrial spending, followed by Louisiana, which has more than $150 billion in planned spending. Together, these two states account for approximately 95% of the Gulf Coast industrial spending being tracked by Industrial Info.
The largest planned projects are for LNG liquefaction and export facilities, and these help put the Oil & Gas Production Industry in the top position in terms of the combined total investment value of projects. In addition, the region's Chemical Processing Industry is rushing to take advantage of the abundance of inexpensive natural gas to use as a feedstock in the production of ethylene, methanol, fertilizers and other products, adding billions of dollars to the region's planned project activity.